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Intel creates smart device R&D fund

by on02 April 2014

$100 million to be spent in China

Chipzilla is starting a $100m fund to make sure its chips are used in smart devices. The money will be used to boost development in China and will be used to “encourage innovation” and "reshape" the future of computing.

Speaking at the Intel Developer Forum in Shenzhen Intel CEO Brian Krzanich said the Shenzhen technology ecosystem and Intel can re-ignite growth by focusing on "smart" devices. An R&D centre will be built in Shenzhen, and $100 million will be invested within the Intel Capital China Smart Device Innovation Fund. Since 1998, Intel has invested over $670 million in 110 companies in China.

Intel will work with local businesses to promote the use of Intel products, including the Intel Edison research platform and the Intel Gateway Solutions for the Internet of Things, based on both Quark and Atom processors. Krzanich said that the centre will expand Intel's work beyond tablets. He said it will provide local OEMs, ODMs, and software developers with access to Intel technology platforms and support.

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